Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections. Powell suggested that the Fed may decide in coming months to slow its aggressive interest rate increases. Yet… Read More
Got $5 billion? NFL team suddenly up for sale
The NFL’s Washington Commanders could soon be for sale, after owners Dan and Tanya Snyder said they have hired Bank of America Securities to “consider potential transactions.” The team announced the surprising decision Wednesday to enlist the investment bank’s services. Asked if the Snyders were considering selling part or all… Read More
Charges dismissed for ex-manager of Marvel’s Stan Lee
A Los Angeles judge declared a mistrial and dismissed grand theft charges Tuesday against a former business manager of Marvel Comics mastermind Stan Lee. Superior Court Judge George Lomeli dismissed the charges against Keya Morgan, who was accused of stealing from Lee, when a jury was deadlocked 11-1 in favor… Read More
Emily Post’s etiquette book makes politically correct overhaul
Embracing without permission. Disparaging one parent in front of children struggling with divorce. Flaunting privilege. Being a bad listener or, worse, a terrible loser. The world and all its interactional black holes would likely have Emily Post spewing her tea. The grande dame of all things manners died in 1960,… Read More
Wall Street moved lower, anticipating the Fed’s next move
Stocks fell in late morning trading on Wall Street Wednesday, ahead of what traders expect will be another big interest rate increase from the Federal Reserve. Markets will be watching closely to see what Fed Chair Jerome Powell says about the central bank’s outlook for how long rates will need… Read More
CVS, Walgreens settle $10 billion lawsuit
Two of the largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart is in discussions for a deal. Together, the developments amount to what could… Read More
Fed chair to face questions about the pace of future interest rate hikes
Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates — and might they slow their rate hikes as soon as next month? The Fed on Wednesday is expected to announce a hefty three-quarter-point hike… Read More
Lottery jackpot soars to $1.2 billion
There were no big treats from the Halloween night Powerball drawing, as none of the tickets sold matched all six numbers. The lack of a winner means the next drawing Wednesday night will be for a massive $1.2 billion jackpot. The winning numbers drawn Monday were: white balls 13, 19,… Read More
Elon Musk’s SpaceX sticks a landing despite a foggy launch
SpaceX launched its mega Falcon Heavy rocket for the first time in more than three years Tuesday, hoisting satellites for the military and then nailing side-by-side booster landings back near the pad. Thick fog shrouded NASA’s Kennedy Space Center as the rocket blasted off at midmorning. The crowd at the… Read More
Twitter to start charging money for these accounts
Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with… Read More
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